Up-to-the-minute advice, information, resources, and, on occasion, commentary on federal and New Jersey state income taxes, and the various New Jersey property tax rebate programs, and insights and observations on tax policy and professional tax practice, by 40-year veteran tax professional Robert D Flach.

Hitman
tells us that JK Harris, which he correctly describes as a giant
corporationthat make its money by
deceiving those with a tax debt, suspended all operations as part of pursuing
Chapter 7 bankruptcy, which would liquidate all of its assets.

Instead
of selling the savings bonds on paper at banks, the Treasury will instead sell
electronic versions of Series EE and I bonds via www.TreasuryDirect.gov, a Web-based system operated by the
Bureau of Public Debt.

”The Democrats want to begin conference
negotiations with GOP lawmakers and the Senate immediately, rather than waiting
for Congress to resume its regular schedule in early February following its
winter recess period, State of the Union address and party conferences.”

Good
luck with the idiots in Congress doing anything “immediately”.I only hope they pass the extension before
the end of February.

While
it is not my “best tax advice”, it is certainly up there on my list.Never ignore correspondence from the IRS or a
state tax authority.

But
equally important - do not assume that a notice from the IRS or a state tax
authority is correct.More than half
(maybe more than 2/3) of the time the notice is incorrect.

As
soon as you receive such a notice give it to your tax preparer IMMEDIATELY!

THE
FINAL WORD

The
fascination that the great unwashed masses have for “undeserved” celebrity is
nothing new.

The
Cole Porter musical ANYTHING GOES, which was first produced in 1934, featured a
sub-plot about the then current fad of making celebrities out of members of the
FBI’s Most Wanted list.

Today’s
truly “undeserved” celebrities are reality tv idiots – like Trump, the
Kardashians, the brain-dead “stars” of THE JERSEY SHORE and similar pieces of
excrement, Paris Hilton, and the various bachelors and bachelorettes.

While
those on the FBI Most Wanted list of the 1930s at least had a talent for crime,
today’s class of UCs have absolutely no talent at all!

Well,
that is not completely true.Trump has
shown he has a talent for screwing his stockholders.And Kim Kardashian has demonstrated a
proficiency in performing “the Lewinsky”.

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